February 13, 2020 |
Falling lithium prices and increased competition have put a crimp in plans by Chile's Sociedad Química y Minera (SQM) to increase production, Moody's said in a report published on February 10.
The mining and chemical company intends to use cash to cover most of the $2.1 billion in capital spending plans from 2019 to 2023. It also has sufficient liquidity and no significant debt maturities, "but the company will likely need additional debt to fund expansions," according to Moody's.
The company d
Chilean mining and chemical company will likely need to raise debt to fund expansion, Moody's says